Precision Drilling
Precision Drilling Corporation, a leading provider in the oil and gas industry, is headquartered in Calgary, Alberta, Canada. Founded in 1951, the company has established itself as a key player in drilling services and technology, primarily operating across North America and select international markets. Specialising in contract drilling and completions, Precision Drilling offers a range of innovative solutions, including advanced drilling rigs and integrated services that enhance operational efficiency. The company is recognised for its commitment to safety and sustainability, setting industry standards with its state-of-the-art equipment and skilled workforce. With a strong market position, Precision Drilling has achieved numerous milestones, including significant technological advancements and strategic partnerships, solidifying its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Precision Drilling's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Precision Drilling's score of 18 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Precision Drilling's reported carbon emissions
In 2024, Precision Drilling reported total carbon emissions of approximately 19,600,000 kg CO2e, comprising 15,000,000 kg CO2e from Scope 1 and 4,600,000 kg CO2e from Scope 2. This marks an increase from 2023, where emissions totalled about 18,300,000 kg CO2e, with 12,500,000 kg CO2e from Scope 1 and 5,800,000 kg CO2e from Scope 2. Over the past few years, the company has demonstrated a commitment to reducing its carbon footprint through innovative initiatives. Precision Drilling has formed a consortium with Tourmaline Oil Corporation and Caterpillar Inc. to develop mobile natural gas generators and energy storage systems for electricity-powered drilling rigs. This project, set to be deployed at various rig sites in Alberta, aims to save approximately 3,800 tonnes of CO2 emissions per rig annually. The initiative is part of their near-term climate commitments targeting reductions in both Scope 1 and Scope 2 emissions, with a focus on enhancing energy efficiency and utilising clean-burning natural gas. Overall, Precision Drilling's emissions intensity for drilling activities has been reported at about 1,000 kg CO2e per tonne for 2024, reflecting their ongoing efforts to improve operational efficiency while addressing climate change.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 9,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,200,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Precision Drilling is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
